A surprising December capped off a decent year for most CEFs.
Falling oil prices buffet some CEFs, but many have turned out strong returns so far this year.
Reasons why investors should be very cautious about any action taken, or perceived, by a shareholder activist against a fund manager to open-end a CEF. By the Closed-End Fund Association
On October 30th, CEFA member Thomas Caldwell, President and a Director of Urbana Corporation, and Founder and Chairman, Caldwell Securities Ltd. was inducted into the IIAC Investment Industry Hall of Fame. It serves to honor excellence, integrity and leadership in Canada’s investment industry.